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PSI Online Practice Life Exam questions with correct answers.
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PSI Online Practice Life Exam questions with correct answers.
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PSI Online Practice Life Exam questions with correctanswers
If the insurer wishes to share an applicant's HIV status, the applicant
must be given full notice of all of the following EXCEPT
A-The applicant's rights to maintain privacy
B-An opportunity to refuse the dissemination of the information
C-Insurer's practices with respect to the treatment of this information
D-The treatment procedures that are covered by the policy. Correct
Answer-D
All of the following are common exclusions from loss found in disability
income policies EXCEPT for that incurred while
A) committing a misdemeanor
B) piloting a personal aircraft
C) living overseas
D) serving in the military Correct Answer-A
What type of insurance should a company purchase if it wants to insure
the life of its CEO?
A) BOE insurance
B) key person insurance
,C) industrial life insurance
D) group life policy Correct Answer-B
For an individual long-term care policy there is an annual dollar limit for
tax-deductions that is base on which of the following?
A) age
B) premium cost
C) cost of care
D) policy value Correct Answer-A
Which of the following is exempted from the incontestability provision
in insurance policies?
A) change in health
B) pre-existing conditions
C) changes in the insurance code
D) fraudulent misstatements Correct Answer-D
Which of the following term insurance types provides temporary
protection that can be changed to some type of permanent protection
without evidence of insurability?
A) re-entry
, B) decreasing
C) level
D) convertible Correct Answer-D
Which annuity settlement option provides a stated monthly amount to
the annuitant and upon the annuitant's death the same or a lesser amount
paid for the lifetime of the survivor?
A) Refund life annuity option
B) Life annuity certain option
C) Joint life option
D) Joint and survivorship option Correct Answer-D
Which one of the following is particularly important for an insurance
producer to explain to a client upon delivery of a life insurance policy?
A) the effective date
B) premium due dates
C) any exclusions
loan interest rates Correct Answer-C
All of the following are ownership rights EXCEPT
A) assigning all of the rights of the policy to another person
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